KARACHI: Pakistan Petroleum Limited (PPL) has successfully discovered hydrocarbons in Sindh from Exploratory Well Yasar X-1 in their Kotri Exploration License. PPL owns 100 percent stake in Kotri Exploration License, said a statement on Monday.
The well has initially flowed 475bpd of condensate and 3.2mmcfd of natural gas at a choke size of 32/64.
Given production flows will have an annualized impact of Rs0.35/share on PPL earnings at $ 70/bbl. of crude oil and Rs/USD parity of 125.
To recall, company’s first discovery in Kotri Exploration License was Kotri X-1 well in 2016 which only flowed gas initially of 3.4mmcfd